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Q.

The cost of an article was Rs.4500 and Rs.500 was spent on its repairs. If it is sold for a profit of 10%, then the selling price of an article is

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a

Rs.5000

b

Rs.5500

c

Rs.4500

d

Rs.4000

answer is B.

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Detailed Solution

C.P=4500 and rep=Rs.500

∴C.P=Rs.5000

S.P=Profit +C.P

=105000×10100×5000=Rs.500

=500+5000=Rs.5500

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